Board Meeting Outcomes

The Board of Directors meeting was held on Tuesday, November 03, 2026, commencing at 12:30 PM and concluding at 2:20 PM. The Board considered and approved the following matters:

1. Standalone Unaudited Financial Results for the quarter and half year ended September 30, 2026, along with the Limited Review Report issued by S A R A & Associates, Chartered Accountants, Statutory Auditors of the Company in accordance with Regulation 33 of SEBI LODR Regulations, 2015.

2. Accepted Resignations of Four Directors with effect from November 03, 2026 (after closing of business hours):

  • Mr. Avinash Dhirajlal Vora (DIN: 02454059) - Executive Director/Promoter
  • Mr. Vikram Avinash Vora (DIN: 02454043) - Non-Executive Non-Independent Director/Promoter
  • Mr. Kamlesh Bhagwandas Mehta (DIN: 10748358) - Independent Director
  • Mr. Pradeep Himatlal Joshi (DIN: 02416091) - Independent Director

Financial Results Summary (Standalone)

Quarterly Performance (Q2 FY27)

  • Revenue From Operations: ₹126.43 lakhs
  • Other Income: ₹8.09 lakhs
  • Total Income: ₹134.52 lakhs
  • Total Expenses: ₹136.35 lakhs
  • Loss Before Tax: ₹(1.83) lakhs
  • Tax Expense: Nil
  • Net Loss: ₹(1.83) lakhs
  • Basic EPS: ₹(0.06)
  • Diluted EPS: ₹(0.06)

Half-Year Performance (H1 FY27)

  • Revenue From Operations: ₹126.43 lakhs
  • Other Income: ₹15.89 lakhs
  • Total Income: ₹142.32 lakhs
  • Total Expenses: ₹164.03 lakhs
  • Loss Before Tax: ₹(21.71) lakhs
  • Deferred Tax: ₹(2.01) lakhs
  • Net Loss: ₹(19.70) lakhs
  • Basic EPS: ₹(0.60)
  • Diluted EPS: ₹(0.60)

Comparative Figures

Q2 FY26: Net Loss ₹(55.36) lakhs, EPS ₹(1.67)

H1 FY26: Net Loss ₹(94.98) lakhs, EPS ₹(2.87)

FY26: Net Loss ₹(194.26) lakhs, EPS ₹(5.87)

Segment-wise Performance

The company operates in two business segments: Real Estate and Dental Products.

Q2 FY27 Segment Revenue:

  • Dental Products: ₹106.43 lakhs
  • Real Estate: ₹20.00 lakhs

Q2 FY27 Segment Results (Profit/Loss before tax and interest):

  • Dental Products: ₹(16.78) lakhs
  • Real Estate: ₹20.00 lakhs

Balance Sheet Position (as of September 30, 2026)

  • Total Assets: ₹497.32 lakhs (Previous: ₹523.51 lakhs as of March 31, 2026)
  • Equity Share Capital: ₹330.68 lakhs (unchanged)
  • Other Equity: ₹164.96 lakhs (Previous: ₹184.67 lakhs)
  • Total Equity: ₹495.64 lakhs (Previous: ₹515.35 lakhs)
  • Current Liabilities: ₹1.68 lakhs (Previous: ₹6.15 lakhs)
  • Cash and Cash Equivalents: ₹36.75 lakhs (Previous: ₹3.37 lakhs)

Director Resignation Details

All four directors resigned citing "Pursuant to change in the management of the Company and being the Director of Old Management" as the reason. The resignations became effective after closing of business hours on November 03, 2026.

Disclosure Confirmations:

  • None of the resigning directors held directorship in any other listed entity
  • No relationships between directors required disclosure
  • Brief profiles were marked as "N.A" (Not Applicable)

Auditor's Review Report

S A R A & Associates, Chartered Accountants (Firm Registration No. 120927W) issued a clean limited review report stating that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410.